Cost of Electricity Set to Decline
The country is likely to see a gradual decline in the cost of electricity as a planned wind turbine project commences. The wind farm will contribute to the national grid and reduce reliance on hydro-electric power. According to the AFP, the construction of Africa’s largest…
Harsh Conditions for Telkom Bailout
According to the Business Daily, the Treasury has set tough conditions for its involvement in any plans to bail out telecoms operator Telkom Kenya. Top on the list of the demands that the Treasury is expected to put before its partners when the board meets next month to consider…
4th Pay TV Option to Join the Market
Samsung Electronics will soon join the Pay TV market in August this year when it unveils new LED TV sets that have built-in satellite decoders allowing viewers access to 60 channels for free (30 English and 30 French). This comes after Samsung signed a deal with satellite operator…
Closing Bell 23/3/2012
Top Gainers Price Change TPS Eastern Africa (Serena) 48.50 +7.18 Sasini Ltd 10.45 +4.50 Uchumi Supermarket Ltd 10.40 +4.00 NIC Bank Ltd 0rd 25.75 +3.00 Kenya Commercial Bank Ltd 22.25 +2.30 Top Losers …
Want To Cut Down Your Electricity Bill By 60%?
More Kenyans are realizing that they can cut down on their electricity bill by up to 60% through using solar water heaters with the number of users standing at over 75,000. So, how much would it cost to install a solar water heater in your residence?…
Kenyans Living Conditions To Improve
While opening the 4th Session of the African Ministerial Conference on Housing and Urban Development (ACHMUD IV) on Thursday, President Mwai Kibaki said that the government is making strides in addressing the slum menace in Kenya by establishing an all inclusive institutional framework for improvement of informal settlements.
TPS Serena Share Drops To New Low
TPS Serena today opened trading on the Nairobi Securities Exchange at Kshs. 45, 25 cents down from yesterday’s closing price of Kshs. 45.25. The share however rebounded quickly and jumped Kshs. 4 from the day’s low to trade at Kshs. 49. An important observation is that the Kshs.
Leading Banks are Stashing Cash
An analysis of the end-year financial results of leading banks shows a trend that they indeed are stashing up large amounts of cash. In the year ended 2010, the Kenya Commercial Bank had retained earnings of Kshs. 15,388,072,000. The retained earnings that KCB reported in its 2011 end-year financial…
KQ Hits New 12 Month Low
The Kenya Airways share price today dropped to a new 12-month low. The counter opened trading this morning and immediately dropped 5 cents to open at Kshs. 13.60, down from yesterday’s close of Kshs. 13.65. At about 12.14pm today, the KQ share touched the new 12-month low of Kshs.
Enjoying an Inexpensive Weekend.
It’s that time of the month when you are broke and the line between you and poverty is slowly closing in on you. To make ends meet you are obligated to cut on costs by all means possible, but this should not be excuse for you to have…
Housing Business Still Lucrative?
The rush to cash in on the housing industry could still be on after all. Despite the numerous developments coming up in upmarket and low end places, the demand for housing still remains high. Statistics show that Kenya has an annual housing demand of about 210,000 units against an average…
So, Who Exactly is A Millionaire?
A millionaire is, by definition, an individual whose wealth is equal to, or exceeds, one million units of currency. There are several schools of thought on how to calculate the value of one’s wealth and determine if one is a millionaire. One school suggests that a…
10 Ways to Earn That Extra Coin
Living in these tough economic times in Kenya, one would not mind extra money every month. It comes in handy in paying bills, making up for the coffee date dents and even monthly trips to Naivasha. Here are a few ways in which you could help credit some…
BRITAK TANKS: Reports a Loss In 2011
The British American Investments Company Limited announced its audited financial statements for the year ended 31st December 2011 on Wednesday 21st March. The company reported a net loss of Kshs. 1,957,305,000 in the financial period ended 31st December 2011. In the previous period ending 31st December 2010, the company…
Why Your Loan Application Might Be Rejected
With the continued rising cost of living, many people are growing desperate in need for money to help meet their expenses. As a result, many of them are turning to banks for personal loans. The loan application process is tedious and not all applications are approve.
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